The regulatory issues are thicker than almost any industry, dealing in dirt is a cake walk compared to finance.

If you've done any research on Blue Moon Financial based out of Denver Colorado, then that would give you some indication as to how Pinnacle perhaps should have been set up to do business from a regulatory standpoint.Regards,justanotherinvestor.

Like maybe a DETAILED description of your company, your role, your regulatory compliance system, and your deal structure.

Every state will have license requirements for a lender, if anyone tells you otherwise, they are wrong, there may be exceptions, but commercial lending is regulated in all states.Commercial lending has much less regulatory oversight, than consumer lending, but it is not without compliance requirements as it was with some guy writing a check for a loan twenty years ago or even five years ago.  

I appreciate so much bigger pockets.As far as the zoning, I made calls before starting the project to the county and spoke also to the state regulatory agency.

Now the loan for the GMAC financing has a HUD Regulatory Agreement for Mortgage insurance.

A couple thoughts came to mind while reading your post.Firstly, there are no regulatory restrictions on managing property within your self-directed IRA or 401k.

As a commercial lender for a community bank, I have a bit more flexibility than a commercial lender from a big box bank - not regulatory flexibility, but just more "out of the box" approach.  

However convincing a judge or regulatory panel later that it is not an unlicensed business may be more challenging.Disclaimer: I am not a lawyer and not offering legal advice.

For starters you need to read your management contract, then you may want to make a complaint with the local real estate regulatory agency.